Does Culture Matter in Economic Behavior?

Does Culture Matter?

Does Culture Matter? This paper reviews the literature on culture and economics, focusing primarily on the epidemiological approach. The epidemiological approach studies the variation in outcomes across different immigrant groups residing in the same country. Immigrants presumably differ in their cultures but share a common institutional and economic environment. This allows one to separate the...

Does Culture Affect Economic Outcomes?

U ntil recently, economists have been reluctant to rely on culture as a possible determinant of economic phenomena. Much of this reluctance stems from the very notion of culture: it is so broad and the channels through which it can enter economic discourse so ubiquitous (and vague) that it is difficult to design testable, refutable hypotheses. Without testable hypotheses, however, there is no r...

Does Economics Matter for/in Economic Geography?

Does Education Matter for Economic Growth?

Does Education Matter for Economic Growth? Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear regression estimator and a nonparametric variable relevance ...

Does Institutions Matter for Economic Development? Evidence for ASEAN Selected Countries

Abstract The theoretical and applied issues of the relationship between institutions and economic growth have thoroughly been examined in ASEAN countries. This study revisits the issue and tests the role of institutions in the economic growth using the World Governance Indicators (WGI) and uses a new method to examine the impact of the various institutions on the economic growth. We used dynam...